REAL CLEAR POLITICS: A new national poll from Quinnipiac University shows that a majority Democrats believe the federal government should bail out Detroit, but an even larger majority of Americans oppose such a move. Fifty-one percent of Democrats support Washington providing federal assistance to Detroit, which last month became the largest American city ever to seek bankruptcy protection.
Not surprisingly, there is a strong partisan divide on the question of a federal bailout for the Motor City. Seventy-three percent of Republicans oppose a bailout, while only 18 percent support the idea. Independents are nearly of the same mind as Republicans on the issue: 68 percent oppose federal assistance for Detroit and 28 percent support it.
The poll also shows a significant racial divide on the issue. Whites overwhelmingly oppose a federal bailout (63 percent against vs. 26 percent in favor) while a solid majority of African-Americans support a bailout (57 percent favor vs. 36 percent against) as do a plurality of Hispanics (48 percent favor vs. 36 percent against)… (more)
EDITOR: Are they talking about ‘bailing out’ the city or its creditors? The purpose of Bankruptcy Court is to come up with an equitable sharing of the pain.
